Perfect competition is the simplest market structure, where the market is assumed to be in equilibrium and that all sellers sell the same product at the same price. The four conditions for perfect competition are:
1. There are many buyers and sellers in the market so that no one individual or seller can influence the price of the products, goods, and services.
2. Identical products are offered by the sellers
3. Both the buyers and the sellers are well-informed about the products and want to maximize profit.
4. Entry and exit to and from the market can be done freely by the sellers and buyers.
There is no market which displays 100% perfect competition. However, markets exhibiting nearly perfect competition do exist. These include street food vending and agricultural markets.
Answer: The forum
Explanation:
The forum was the designated place the the laws of the city was placed. These laws were Rome's first written law code. Some of the constituents of the laws were how trials we're handled. They were displayed for all to see. People visited the area to shop, socialize, and listen to speakers. They were displayed at the center called The forum.
Hot air waves and cold air waves colliding
Answer:
D
Explanation:
The most likely answer is D because if you company was the only video game producer, your company would be extremly profitable, also due to the sheer number of people that play video games it would be a gold mine (figuratively speaking)
